FILE PHOTO: Chairman of Renault SA Jean-Dominique Senard attends a news conference at French carmaker Renault headquarters in Boulogne-Billancourt, near Paris, France, October 11, 2019. REUTERS/Charles Platiau PARIS (Reuters) – Renault (RENA.PA) Chairman Jean-Dominique Senard said on Friday that the carmaker could seek bank loans worth 4-5 billion euros ($4.4-$5.4 billion). “It could be in… Continue reading Renault chairman: could seek 4-5 billion euros worth of bank loans
Tag: Renault
UPDATE 1-Volkswagen furloughs 1,500 workers at Tennessee auto plant starting April 11
FILE PHOTO: The Volkswagen Chattanooga Assembly Plant in Chattanooga, Tennessee November 4, 2015. REUTERS/Tami Chappell (Reuters) – Volkswagen AG (VOWG_p.DE) said Thursday it will furlough 1,500 workers at its U.S. assembly plant in Tennessee starting April 11 as the industry grapples with the ongoing coronavirus pandemic. The German automaker said the temporary emergency furloughs for… Continue reading UPDATE 1-Volkswagen furloughs 1,500 workers at Tennessee auto plant starting April 11
Toyota to halt Indonesia production as Jakarta locks down
JAKARTA — Toyota Motor will temporarily shut down production in Indonesia, Nikkei learned Thursday, with the government ordering a partial lockdown in the capital to stem the spread of the novel coronavirus. Toyota will halt operations from Monday through April 17. Toyota subsidiary Daihatsu Motor is to suspend production for eight days starting Friday. Toyota’s annual output capacity in the country totals… Continue reading Toyota to halt Indonesia production as Jakarta locks down
Nissan seeks $4.6bn credit line to raise liquidity amid pandemic
TOKYO — Nissan Motor is seeking a credit line worth 500 billion yen ($4.6 billion) from Japanese banks, led by Mizuho Bank. The move is aimed at staving off funding problems for the Japanese automaker as vehicle sales plunge amid the new coronavirus outbreak. The Japanese automaker decided to make the request at a board meeting on… Continue reading Nissan seeks $4.6bn credit line to raise liquidity amid pandemic
Groupe Renault:COMMUNICATION OF RENAULT’S BOARD OF DIRECTORS 9th April 2020
PRESS RELEASE COMMUNICATION OF RENAULT’S BOARD OF DIRECTORSAnnual General Meeting of Shareholders to take place on June 19, 2020Cancellation of the dividend for the 2019 financial year25% reduction in compensation for the Chairman and interim CEO25% reduction in Directors’ 2020 attendance feesBoulogne-Billancourt, April 9, 2020 – Renault’s Board of Directors, meeting today under the chairmanship… Continue reading Groupe Renault:COMMUNICATION OF RENAULT’S BOARD OF DIRECTORS 9th April 2020
Nissan Seeks $4.6 Billion Credit Line After Coronavirus Hit: Sources
Nissan Motor has requested a 500 billion yen ($4.6 billion) commitment line from major lenders after sales were battered by the coronavirus outbreak, two people with knowledge of the matter told Reuters on Thursday.Like other automakers, Nissan has been hard hit as the pandemic decimates demand and disrupts production, but the Japanese automaker is more vulnerable than others.
Press Releases – Corona crisis: almost 1.5 million vehicles in production losses for European auto makers
Brussels, 9 April 2020 – Factory shutdowns as a result of the COVID-19 crisis have resulted in lost production amounting to 1,465,415 motor vehicles to date, according to new figures published by the European Automobile Manufacturers’ Association (ACEA). This figure – covering passenger cars, trucks, vans, buses and coaches – is up from 1.2 million… Continue reading Press Releases – Corona crisis: almost 1.5 million vehicles in production losses for European auto makers
Toyota extends North American plant shutdown; will stop paying 5,000 temporary workers
FILE PHOTO: A view shows the Toyota Motor Manufacturing plant in Tijuana, Mexico May 31, 2019. Picture taken May 31, 2019. REUTERS/Jorge Duenes WASHINGTON (Reuters) – Toyota Motor Corp said Wednesday it plans to reopen its North American auto plants on May 4, extending its current shutdown by two additional weeks. The Japanese automaker cited… Continue reading Toyota extends North American plant shutdown; will stop paying 5,000 temporary workers
Renault board to consider dropping dividend – sources
PARIS, April 8 (Reuters) – French car maker Renault’s board will meet on Thursday to decide on possibly dropping the dividend payment this year in light of the coronavirus crisis, three sources familiar with the situation have told Reuters. A Renault spokesperson was not immediately available for comment. While several automotive companies such as Michelin… Continue reading Renault board to consider dropping dividend – sources
VW Atlas Cross Sport has what it takes to run with the best 5-seat midsize SUVs
CLOSE Midsize SUV delivers style, value, features Detroit Free Press Volkswagen hit a trifecta with the Atlas Cross Sport five-passenger SUV: Looks, value and features. After struggling to cash in on the SUV boom for years, VW’s model line has caught up with the American customer. SUVs accounted for 52% of 2019 US vehicle sales,… Continue reading VW Atlas Cross Sport has what it takes to run with the best 5-seat midsize SUVs